Profit and loss

Quantitative Aptitude (RBI Grade B)

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Hemant purchased 120 rims of paper at Rs. 80 per rim. He spent Rs. 280 on transportation, paid octroi at the rate of 40 paise per rim and paid Rs. 72 to the coolie. If he wants to have a gain of 8%, the selling price per rim must be:

Rs. 89

Rs. 90

Rs. 95

None of these

Explanation:

Total investment = Rs. (120 * 80 + 280 + (40/100) * 120 + 72).
= Rs. (9600 + 280+48 + 72) = Rs, 10000.
Sell price of 120 reams = 108% of Rs. 10000 = Rs. 10800.
Sell Price per ream = Rs. [10800/120] = Rs. 90.

Hence, option 2 is the correct answer.

By: Amit Kumar

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